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beater wrote:A clothing store acquired an item at a cost of x dollars and sold the item for y dollars. The store’s gross profit from the item was what percent of its cost for the item?
(1) y – x = 20
2) y / x = 5 / 4
question is also asking for the % not actual value..beater wrote:Stat (2) provides the ratio of X to Y but not the actual values for X and Y, correct?
Profit = y-xbeater wrote:A clothing store acquired an item at a cost of x dollars and sold the item for y dollars. The store�s gross profit from the item was what percent of its cost for the item?
(1) y � x = 20
2) y / x = 5 / 4
We are given that a clothing store acquired an item at a cost of x dollars and sold the item for y dollars. We must determine:beater wrote:A clothing store acquired an item at a cost of x dollars and sold the item for y dollars. The store�s gross profit from the item was what percent of its cost for the item?
(1) y � x = 20
2) y / x = 5 / 4
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